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US HR584

US HR584
To repeal the information reporting requirements added by the Patient Protection and Affordable Care Act.


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

112th Congress

Bill Summary

Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more. Rescinds $44 billion of appropriated but unobligated discretionary funds. Exempts unobligated funds of the Department of Defense (DOD), the Department of Veterans Affairs (VA), or the Social Security Administration. Requires the Director of the Office of Management and Budget (OMB) to determine and identify from which appropriation accounts such rescissions shall apply and report to the Secretary of the Treasury and Congress on such rescissions.

Committee Categories

Budget and Finance

Sponsors (34)

Last Action

Referred to House Appropriations (on 02/09/2011)

bill text


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